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RE: Why is Bitcoin still rising 2017? - Programmer explains

in #bitcoin7 years ago (edited)

Nice video. Following and upvoted! Yes, the Seg2x could cause the crap to hit the fan, especially if something goes wrong with the fork. However, I'm a Technical Analyst counting Elliott Waves and my chart shows an expanded flat correction as probable:

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Could be... 2 forks are coming, fud can come from many unexpected places, although the overall trend is up, a huge correction always happens

There is no way this is happening, the only direction Bitcoin is going is up. The long term average trend line price for Bitcoin now is $3500, making it only around 50% above fair value now. In past bubbles it's been over 1000% above. This bubble is going to get absolutely insane before it ends! 🚀

I see.

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